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Earnings Per Share
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

7. Earnings Per Share

The following is a reconciliation of the basic and diluted earnings per share computation:

 

                                 
    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2012     2011     2012     2011  
    (shares in thousands)     (shares in thousands)  

Net income

  $ 4,533     $ 1,359     $ 5,777     $ 2,203  
   

 

 

   

 

 

   

 

 

   

 

 

 

Shares of common stock and common stock equivalents:

                               

Weighted averages shares used in basic computation

    123,214       114,238       121,445       113,886  

Dilutive effect of stock options and unvested restricted stock

    15,244       21,837       16,433       21,729  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted averages shares used in dilutive computation

    138,458       136,075       137,878       135,615  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per share

  $ 0.04     $ 0.01     $ 0.05     $ 0.02  

Dilutive earnings per share

  $ 0.03     $ 0.01     $ 0.04     $ 0.02  

Diluted earnings per share reflects the potential reduction in earnings per share that could occur if options or other contracts to issue common stock were exercised or converted into common stock under the treasury stock method. The dilutive effect of options and restricted shares to purchase shares of common stock were included in the three and nine months ending September 30, 2012 and 2011, respectively.